Nov 1, 2013 3:00pm EDT
much more defensive tone. you have utilities and health care stocks among the leaders. guys, back to you. >> thank you, bob. we'll be checking back. as we proceed on "closing bell" today. >> certainly an interesting day. we'll be following the developments out of l.a.x. the markets are about to close in about half an hour. with that much time to go, about 15,606 on the dow. the s&p up by just four points. >> much more on the shooting at l.a.x. as we continue our coverage for this friday. ♪ ♪ hey [ male announcer ] when we built the cadillac ats from the ground up, to be the world's best sports sedan... ♪ ...people noticed. ♪ something like a phenomenon, baby ♪ ♪ you're something like a phenomenon ♪ [ male announcer ] the cadillac ats, 2013 north american car of the year. lease this cadillac ats for around $299 per month with premium care maintenance included. tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-25
Oct 29, 2013 3:00pm EDT
selling into the rally? raising cash? what? >> i'm saying you have to be defensive in your choices here. of your risk money, i think you have to have a very significant amount of it in defensive position. so, what i might do is be looking at value stocks as opposed to growth stocks. i might be looking at midcaple and large cap value stocks. i might be looking at staples, the consumer stams have been leading, but only for about a month. those are traditionally a defensive place to be. >> david, you think we're in a phase where a lot of what's going on is performance-chasing. we've already had great performance in the he cequity markets for the last few years. now people want to get on board and be part of that, right? >> right. i do think that still. i mean, i think that in general there were a lot of macro headwinds that kept money on the sidelines. those macro headwinds, i.e., government shutdown, debt ceiling issues, we're through them and it looks like people are much more focused on stock-specific right now. you look at the vix options volume. the lowest it's been all year. i think
Oct 30, 2013 3:00pm EDT
to speak out in defense of his health care law. we'll provide that live. this on a day that the from us frag frustrations of the obama care web glitches front and center on capitol hill with the appearance of health and human services secretary kathleen sebelius. bertha coombs joins us. >> 3 1/2 hours, that's how long the hearing went on. usually members of congress are determine shall to a sitting cabinet member. they were but they didn't pull any punches. the secretary came on the offense, starting with an apology, saying she's accountable for the website is not working but assuring she's working hard to win back america's confidence and it will be working by november 30 th. one of the most remarkable admissions she made when pressed by republican congress members about why she is not giving out enrollment numbers because right now she admitted she just doesn't trust the site's data. >> that data out there exists and -- >> sir, i will tell you right now, it is not reliable data. according to the insurance companies who are eager to have customers accident customers, they are not relia
Oct 28, 2013 3:00pm EDT
're hitting new highs. defensive names, consumer stocks moved us. look how we're moving into territory. kimberly-clark, clorox, snapple. put up the old names, tesla, facebook, priceline, yelp. they're down again today. you sell off one sector, another sector steps forward to assume some kind of leadership position. facebook, by the way, reporting on wednesday. chinese solar stocks bounced back because deutsche bank, someone came out and said, the selling has been overdone. for several days they've been selling off like this. i'll tell you what worries me most of all, guys, those pending home sales numbers. four months in a row, look at that, that's a one-year chart. that's not a good chart to look at. four months in a row they've been to the downside. the home building stocks, i'm surprised they're not down even more today. most are down about 1%, as can you see there. that is not a good number. we hope to see some better numbers. existing home sales are going to be weak because they lead existing home sales usually by a couple months. finally, want to mention, the health care stocks.